Gold and silver prices rose on MCX on Thursday, aided by a weaker dollar and optimism over a potential US-Iran peace deal. Iran said it is reviewing a US proposal to end the conflict, though key issues around its nuclear programme and the Strait of Hormuz remain unresolved.
The price climbed higher after breaking the trendline, facing very little resistance. Notice how it broke decisively right above the trendline, signaling a strong and clear move. Afterward, the price paused and formed a double top. This is not a sign of weakness, just a temporary pause, as there is no follow-through to the downside. Selling pressure remains minimal, indicating that buyers are still in control. With the price holding above this level, the outlook remains bullish, targeting the next level around 4,835.
The escalation of geopolitical instability triggered by the US-Iran war scenario has materially altered capital allocation behavior across global financial markets, directly influencing the Algorithmic Trading Market. Institutional investors increasingly depend on low-latency execution systems, AI-powered predictive analytics, quantitative hedge
BitcoinWorld Australian Dollar Rebounds as Trade Balance Data Surpasses Expectations The Australian Dollar (AUD) staged a notable recovery during Thursday’s trading session, recouping recent losses after the release of stronger-than-expected Trade Balance data from the Australian Bureau of Statistics. The currency gained ground against major counterparts, particularly the US Dollar, as market participants reassessed the economic outlook. Trade Balance Data Provides Support Australia’s trade surplus [...] This post Australian Dollar Rebounds as Trade Balance Data Surpasses Expectations first appeared on BitcoinWorld .
BitcoinWorld EUR/USD Holds Near Two-Week High as Iran Peace Hopes Weigh on US Dollar The EUR/USD currency pair continued to trade above the mid-1.1700s on Wednesday, hovering near its highest level in two weeks, as renewed diplomatic efforts to de-escalate tensions between Iran and global powers weighed on the safe-haven US dollar. Geopolitical Shift Drives Currency Markets Market sentiment shifted noticeably after reports emerged that Iran and Western nations [...] This post EUR/USD Holds Near Two-Week High as Iran Peace Hopes Weigh on US Dollar first appeared on BitcoinWorld .
BitcoinWorld Australian Dollar Dips as Market Awaits Trade Balance Figures The Australian dollar edged lower against major counterparts on Monday, as market participants adopted a cautious stance ahead of the country’s upcoming trade balance data. The currency’s modest decline reflects broader uncertainty surrounding global demand trends and commodity price movements, which are key drivers for the resource-linked Australian dollar. Market Positioning Ahead of Trade Data [...] This post Australian Dollar Dips as Market Awaits Trade Balance Figures first appeared on BitcoinWorld .
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Thursday that he will closely monitor the foreign exchange (FX) markets. Mimura also declined to comment on FX intervention and specific currency levels.
BitcoinWorld GBP/JPY Intervention: Yen Surge Stalls Below 213.00 – What Traders Must Know The GBP/JPY currency pair staged a dramatic recovery on Wednesday after a sharp sell-off triggered by suspected Japanese Yen intervention. Despite the rebound, the pair remains under significant pressure, trading below the key psychological level of 213.00. This article provides an in-depth analysis of the suspected intervention, its market impact, and what traders can expect [...] This post GBP/JPY Intervention: Yen Surge Stalls Below 213.00 – What Traders Must Know first appeared on BitcoinWorld .
BitcoinWorld USD/CAD Price Forecast: Below 1.3600 with Bearish Bias as Nine-Day EMA Caps Rally – Key Levels for Traders The USD/CAD price forecast remains under pressure as the pair trades decisively below the 1.3600 psychological level, with the nine-day exponential moving average (EMA) acting as a formidable resistance barrier. As of late March 2025, the Canadian dollar continues to strengthen against its U.S. counterpart, driven by a combination of robust domestic data and shifting [...] This post USD/CAD Price Forecast: Below 1.3600 with Bearish Bias as Nine-Day EMA Caps Rally – Key Levels for Traders first appeared on BitcoinWorld .
The Association of Thai Travel Agents (Atta) is concerned about economic and social risks if the government introduces a 1,000-baht departure tax for local travellers, as the policy could trigger even higher airfares and hamper middle-class travellers, students and Mice (meetings, incentives, conferences and exhibitions) segments.
Discover how Dubai is safeguarding investors, stabilising supply chains and supporting businesses while staying on track with its D33 growth agenda amid regional conflict.
Oando Foundation launches a programme to equip Nigerian youths with green skills, offering training, mentorship, and N20m in funding for green entrepreneur Read More: https://punchng.com/oando-foundation-empowers-youths-in-green-skills/